Warning: session_start(): open(/home/tayedi/public_html/src/var/sessions/sess_de2d3ed97f119ce12f4f5332f49b0b7d, O_RDWR) failed: No space left on device (28) in /home/tayedi/public_html/src/bootstrap.php on line 59

Warning: session_start(): Failed to read session data: files (path: /home/tayedi/public_html/src/var/sessions) in /home/tayedi/public_html/src/bootstrap.php on line 59
Metaplanet Boosts Bitcoin Reserves with $61M Purchase - Tayedi Search engine

Metaplanet Boosts Bitcoin Reserves with $61M Purchase

7 months ago 282

Metaplanet (3350) said it bought another 518 bitcoin (BTC) as part of its Bitcoin Treasury Operations.

The purchase was made at an average price of $118,519 per bitcoin, bringing the total purchase value to about $61 million, the Tokyo-based investment company said in a post on X.

The company, holder of the sixth-largest corporate stash of bitcoin, now holds some 18,113 BTC valued about $1.85 billion. It paid an average of $101,911 per bitcoin.

Metaplanet also provided an update on its bitcoin-related performance metrics. Between July 1 and Aug. 12 the BTC Yield stood at 26.5%, reflecting the growth in bitcoin holdings relative to fully diluted shares outstanding.

Its previous BTC Yield figures highlight notable fluctuations. The figure was 41.7% in third-quarter 2024, rising to 309.8% by year-end. Then it dropped to 95.6% in the first quarter before rebounding to 129.4% in the second.

The company measures BTC Yield and BTC Gain to track the accretive impact of its bitcoin acquisition strategy for shareholders. The stock fell 2.7% to 975 yen ($6.6) on Tuesday.

Read Entire Article